Layer3 Partners with Hashflow

Layer3 has partnered with Hashflow, a decentralized exchange designed for interoperability, zero slippage, and MEV-protected trades [1]. This partnership aims to empower the next generation of web3 users, with Layer3 having already helped over 50 customers take 300k users through 10M on-chain actions [1].

What drove the move

The partnership between Layer3 and Hashflow is driven by the need for seamless cross-chain trading in DeFi [1]. Hashflow's unique design, which uses a request-for-quote (RFQ) model, allows professional market makers to source liquidity from anywhere and price assets using off-chain pricing functions [1]. This approach provides better prices, zero slippage, and MEV-resistance, making it an attractive solution for traders [1]. Recently, Hashflow introduced Gasless Trading, which allows traders to swap with fixed gas fees without having to hold ETH [2].

The competitive picture

Hashflow's approach to cross-chain swaps is distinct from traditional automated market makers (AMMs) [5]. While AMMs rely on bonding curves and are vulnerable to slippage and MEV exploits, Hashflow's RFQ model provides a more secure and efficient way to trade [5]. This is particularly important in a multi-chain ecosystem, where traders need to be able to move assets across different chains quickly and securely [5]. Layer3's partnership with Hashflow is a significant step towards achieving this goal, with the potential to expand to more ecosystems, including Solana, Cosmos, and Polkadot [5].

Token metrics

Hashflow's token metrics are not explicitly stated in the sources, but it is mentioned that the platform has introduced Gasless Trading, which supports USDC, USDT, and DAI on Ethereum mainnet [2].

What to watch

• The expansion of Hashflow to more ecosystems, including Solana, Cosmos, and Polkadot [5]
• The development of new features, such as options and derivatives, on the Hashflow platform [5]
• The growth of Layer3's user base and on-chain actions, as the partnership with Hashflow continues to evolve [1]

The partnership between Layer3 and Hashflow has the potential to significantly impact the DeFi landscape, providing a more secure and efficient way to trade across multiple chains [5]. As the multi-chain future continues to unfold, it will be important to monitor the development of this partnership and its effects on the broader ecosystem.